2012-12-06
2012-12-06
STATION
CNBC 5
MSNBCW 4
CSPAN2 2
SFGTV2 2
CSPAN 1
KRON (MyNetworkTV) 1
KTVU (FOX) 1
LANGUAGE
English 22

Set Clip Length:


and puma. i spoke exclusively with the ceo. he's one of the richest men in france, and he tells me washington needs to resolve this fiscal cliff issue if they don't want consumers to stop their spending ways. >> let me start with what's going on in washington. we've got this negotiation for the fiscal cliff. if we go over the fiscal cliff, what is the impact to your business? >> well, there would be an impact on consumption, for sure. so when it comes to puma or mainstream brands in america in sports, there will be a for sure some consequences in terms of consumption. but i see that as an investment for the future. so it might be a little bit different from some of other ceos. we have to get over the fiscal cliff. let's not delay the thing. it needs efforts. let's make them short for a better future. i think we should be ready as a corporation, being ready for maybe a year of difficult market, difficult situation in the market because that is a ceiling on our growth in terms of economical growth as to be released. it's really me an investment for the future. >> you're seeing a simi

'reilly factor. >> greg: coming up, homework is punishment. leigh it up to france. which is a country. apparently they say homework punishs the poor kids and helps the rich. dana will explain it next on five five. if you leigh now she will eat an entire beret. โ™ช โ™ช is what drives us to broadcast the world's biggest events in 3d, or live to your seat high above the atlantic ocean. it's what drives us to create eco-friendly race tracks, batteries that power tomorrow's cars, nearlyndestructible laptops, and the sustainable smart towns of the future. at panasonic, we're driven to make what matters most better. just another way we're engineering a better world for you. so we created the extraordinarily comfortable sleep number experience. around a bed with dualair technology that allows you to adjust to the support your body needs - each of your bodies. our sleep professionals will help you find your sleep number setting. exclusively at a sleep number store. sleep number. comfort individualized. this holiday season, give the gift that's magical: the innovative airfit adjustable pillow at special 30

of their setting any worlwhere else in san franc. san francisco eaters are interested in cuisine. there adventuress. the fact theyuse grea use great ingredients and make gourmet food makes unpopular. >> i have been dying to have these. >> i have had that roach coach experience. it is great they're making food they can trust. >> have you decided? >> we are in the thick of the competition? >> my game was thrown off because they pulled out of my first appetizer choice. >> how we going to crush clear? >> it will be easy. probably everyone has tried, something bacon tell us delicious. >> -- people tell us is delicious. >> hopefully you think the same thing. >> hopefully i am going to win. we're in the financial district. there is a food truck right there. every day changes. it is easy and fun to go down. these are going to be really good. >> how are you going to dominate? >> i think he does not know what he is doing. >> i was thinking of doing [unintelligible] we are underrepresented. >> i was singing of starting an irish pub. that was my idea. >> one our biggest is the corned beef and cabbage. we are a

to france or the uk. she's the inspiration for "the devil wears prada." how does he handle that one. >> she's an inspiration to so many of us, lawrence.

of oscar contenders. but our critic says there is a bad one in the bunch. and why the people of france may soon be left in the dark. first business starts now. you're watching first business: financial news, analysis, and today's investment ideas. good morning. it's thursday, december 6th. i'm angela miles. in today's first look: a miss-matched market! the dow moved above 13,000 while the nasdaq was weighed down by apple. apple fell 6% yesterday, the worst drop this year. treasury secretary tim geithner says washington lawmakers are inching closer to deal on the budget. the sec is breaking up an alleged insider trading scheme that involved tip-offs on upcoming merger deals. 10 people are charged, including a banker from wells fargo. and the nasdaq is blaming human error for the ipo delay of small biz lender whitehorse finance, which was supposed to start trading yesterday morning. shares fell 6% in its delayed debut. joe cusick of optionsxpress joins us now. good morning joe. good to have you back on the show. > > thank you. > yesterday we had a trader talking about a potential rally in th

magazine editor anna wintour oz our next u.s -- as our next u.s. ambassador to the u.k. or maybe to france. white house with press secretary jay carney defended the idea, insisting that nondiplomats like ms. wintour can make good envoys. >> what qualities does the president look for when he's going to pick an ambassador? an important ally like france or the u.k.? >> you know, i think that the president in all of his personnel appointments looks for talent, wisdom and character in his appointees, and he would do that regardless of the position. >> is it important for a diplomat to be diplomatic? [laughter] >> one of the, i mean, another way of addressing that is to answer the question there have been enormously effective diplomats in this country's history who have not necessarily risen through the diplomatic corps. we had one of the greatest diplomats of his generation pass away not long ago, richard holbrooke, and i think everyone who knew him or sat across from the table from him would agree he was not by anyone's traditional definition particularly diplomatic. >> no. but he was also a b

figures from france are not encouraging. the french office of -- statistics office says the jobless rate rose to 10.3% in the third quarter of 2012, a 13- year high. youth unemployment remains at a particular problem -- nearly a quarter of adults under the age of 25 are without a job. that is the highest rate since youth unemployment statistics were introduced in 1999. turning to the markets now, that news from the european central bank was not all gloomy. our correspondent sent us this update from the frankfurt stock exchange. >> in his press conference in frankfurt, the ecb president also said that he expects inflation in the eurozone to fall below 2% next year, which means price stability, and it also means that the door for more interest rate easing by the ecb remains open, something that the stock market should profit from. this thursday also brought along very positive data from the german economy. the german manufacturing sector posted a significant increase of factory orders in october. something which gives hope for the industrial production in the months to come, and it also gi

personal appointments. the editor in chief of vogue is r rumored to become the ambassador to france or the u.k. she is one of obama's biggest fund raisers. >> unprecedented cloud free view of the world at night. aren't those great? you can thank a brand new nasa satellite that has a special sensor for night viewing. patti ann? >> norah, the north american aerospace defense has been tracking santa every year as he travels around the world for christmas. ever since 1955 without fail. a new children's book shows how important this defense command is to keeping christmas safe. michael keen is the author of the night santa got lost. how norad saved christmas. great to have you here. >> thanks for having me. >> what inspired you to write this book? >> i was embedd in iraq with the 101st air division we were in a town close to the syrian border in 2003. on christmas day the troops got me and dragged me out of bed early and wanted to show me something. dragged me outside flthrough a flood light on and illuminated this 50-foot christmas tree they put up. you can't find a christmas tree in ir

. france. giant animal sculptures on display in the french alps. part of annual exhibit ski resort, helicopter taking some of the pieces to the top of the slope. works like this 15-foot tall elephant and chrome gorilla will be on display throughout the winter. fox trip around the world in 80 seconds. >> i'm harris faulkner in tonight for shepard smith. this is the fox report. the political crisis in egypt today descending into a street battle between opponents and supporters of that country's new president. we're told tens of thousands of people fought right in front of the presidential palace. the two sides reportedly hurling fire bombs and rocks at each other. the health ministry reports the violence injured more than 125 people. of course, this all has to do with morsi's recent power grab. is he trying to grant himself near absolute power. he claims it would only be temporary but the president's political allies just past a draft constitution which could help present big power pull. steve harrigan live with us tonight. >> these are some the worse clashes we have seen in two week

rates is untenable. i mean, we're not talking about raising taxes like france to 75%, to the top rate. we're talking about 39.6, and let's be honest, with other loopholes and other deductions, it's going to be a lot lower. at the end of the day, you cannot deal with the fiscal situation this country faces without raising taxes, raising revenues. it's that simple. >> because we're only bringing in 17% of the gdp and sending 23 or 24. >> 15 1/2. >> i've got a new number. you sure that's the recent one? >> that's the most recent one -- >> there's a big differential. >> we're not bringing enough for everybody. but the ironic thing, and what makes us different from greece in this regard, i think a lot of the functionality is alarmingly familiar. but if we go over the cliff, what we actually do is resolve too much of our debt situation all at once. i mean, unlike greece, whose fiscal profglasy has them where they are today. >> except that if we go over the cliff and given how tenuous this economic environment is right now, i mean, the message that sends to business leaders, employers, let a

. he wants to raise the tax rate to 75%. pretty soon there won't be anybody in france but he and the kids not doing homework. >> everybody who did their homework will be leaving and those who didn't do their homework will be left behind. do you believe it benefits the poor more so than the wealthy? >> no. i think it is meant to jog the mind and make sure you are retaining the information you take in during the school day. but isn't this what libraries are for? if you don't have an optimal situation at home to do your algebra you go to the library with your lights on? >> that's no prank. >> but come on. they are making excuses for everything now. granted i do hear kids have a lot more homework now. >> they are french so it doesn't matter. joe, you look like a guy who didn't do his homework. >> certainly not for tonight's show. >> no, you did job. no, you did a great job. >> i think this is very bad. they need critical thinking skills. guests that need to be stacked and boat neck t-shirts that need to be striped. we are looking at a crisis. >> and word problems are amazing and

name that came up is anna winter as the possible ambassador to france or the uk. she's the inspiration for "the devil wears prada." how does >>> good evening, americans, and welcome to "the ed show" from new york. president obama has john boehner boxed in and is done playing games. now it's getting good. this is "the ed show." let's get to work. >> let's allow higher rates to go up for the top 2%. that includes all of you. >> the president holds the line on taxes and draws the line on รง the debt ceiling. >> i will not play that game. >> tonight, democratic whip steny hoyer gives me the latest fiscal cliff developments and the democratic line on medicare. tom perriello from the center of american progress action fund on how democrats can deal with republicans who can't deal with reality. rubio and ryan reload with a new message for the middle class. >> both parties tend to divide americans into our voters and their voters. >> but there is no escaping their own policies. >> we're going to a majority of takers versus makers in america. >> dnc chair debbie wasserman schultz responds tonig

yet. scott, i have a question for you. just noticed today france and germany's stock markets hit 52-week highs. we're still wringing our hands over the debt crisis, and the equity markets are hitting new highs for the year. is it too late to get into those markets? >> i don't think so, bill, at all. all the european markets are up for the year except portugal, which is up slightly. even greece is up year to date. i don't think you're too late on that trade at all. in fact, i think, quite frankly, the structural changes that are happening in europe could produce growth for many years come. >> where are you putting money to work, george? >> the fiscal cliff is sort of the uncertainty du jour. people are always worried about next uncertainty. you need to blow past that and think about where the next good stocks going to be, how can i invest, how can i participate? taxes are likely to go up, but this is a lot of rattling. both sides of the aisle would come together. they'll figure out what's best. at the end of the day, they know they have to help the little guy, the consumer. pool corp

. hong kong 52-week high. german 52-week high. france 52-week high. bombay, india, 552-week high. not a lot of rosy news out there, i know it sounds word to see all these stock markets with 52-week highs. there's not a lot of good news, and yet, still, we get record yields. we had a french bond auction, i don't normally talk about the french bond auctions, but i have to note, 1% on a six-year? record low yields, 1.27 low on a 7 year. the 15-year they had was record lows. we have this poor outlook, we still got the bond market flying, prices are way up here, the ecb's got everybody's back. a remarkable move in europe, a lot of people have been wrong and betting against him and been wrong. and a key point of course is central bank activism all over the world is helping prop up bonds and stocks, bank of japan, bank of england, federal reserve, the ecb, everybody out there has basically got bond investors back at this point. important thing moving on about the fiscal cliff. the biggest story passed around here this morning was the politico article where they finally put a name on mak

. shareholders have agreed on a deal designed to make the eads more independent and will hand germany and france an equal 12% stake in the company. and timothy geithner has told the cnbc the swhous ready to go over the fiscal cliff if tax rates on the nation's wealthiest don't rise. dag gri announces the rate decision later about plus apple shares still down in frankfurt. and its shares of the chinese market drop in the third quarter. >>> deutsche bank has hit back at allegations of financial impropriety brought by three former employees. according to reports, the ex-deutsche workers have launched a complaint with u.s. authorities alleging the bank failed to recognize $12 billion in unrealized losses at the height of the financial crisis. they claim improper accounting on the part of the deutsche bank enabled the lender to exaggerate its capital position. and citigroup plans to shed 11,000 jobs around the world which equals around 4% of its workforce. some experts say this is part of a strategy led by their new coe who took job in october, however others say it has the finger prints of chairman

leaving the national effort for taxpayers. with germany and france, we have taken this work forward. and we will make it an important priority of our presidency next year. in total, we expect the action we announce today will increase the amount of money collected from tax evasion and avoidance by a further 2 billion pounds a year. fair and necessary. it is not enough by itself. we need to ask more from the other half. punitive tax rates do nothing to raise money and discourage enterprise and investment in britain. other countries are trying that approach on our doorstep, and they are paying the price. we are not going to make that mistake. in the first year, tax revenues from the rich will buy 7 billion pounds. a number of people declaring income was over a million pounds and fell by half. he tax rate on the rich, the rate is a tax con. we will have a tax that supports enterprise and we will raise more money from the rich. here is a simple fact. the richest will pay a greater share of income tax revenue is in every single year of the coalition government, and in any one of the 13 y

the main rate of corporation tax again by a further 1%. [cheers] in america, the rate is 40%. in france, it is 33%, in germany, in its 29%. from april of 2014, the corporation tax rate will stand at 21%. this is the lowest rate of any major western economy. it is an advert for our country that says come here, investor, britain is open for business. [cheers] [applause] mr. speaker, we will not pass the benefits on to banks and ensure that we meet our revenue commitment. it will be increased next year. making things contribute more as part of our major reform of the banking system. we also have to be on the side of those who want to work hard. i know how difficult many families have gone the cost of living. we have had to save money. but whenever we have been able to help, we have. we have helped counsel for two years running. and we are helping them to freeze again next year. we put a cap on the rises for the next two years. so commuters are not punished for traveling to work. we are forcing energy companies to families onto the lowest part of the gas and electricity bill. and we help th

three indexes is the dax in germany. up 75. you also see gains with the cac in france and the ftse in london. in asia overnight, you did see slight drop by the hang seng and shanghai, those were big gainers the day before. and in japan, the nikkei up by 0.8%, kospi up 1%. oil prices this morning are trading up about 28 cents, 88.16. the ten year note this morning is sitting right at 1.85%. you to you see pressure on the yield. dollar down once again today. the yen at 82.37. and the euro at 1.30777. and gold prices at this point are up 1.20. $1659 and ounce. >> wonder what boehner and obama talked about on the phone. i think it went something like this. your mother! no, your mother. no, your mother. and then it went back and forth. your mother to infinity. >> no, i think what happened is we realize that there's been an awful lot of theatrics. >> you don't think they said your mother? >> no. >> you don't think they hurled insults at each other? >> no. >> actually, boehner was just a dial tone. you said i'm supposed to do what to myself? no, that's not boehner. >> on the economic fron

forces, national coalition -- britain has recognized a group. france has recognized a group. it looks like next week the u.s. will recognize it. this will allow us to send more aid primarily humanitarian but also likely given where we are increased military aid to them which is now going through third parties like qatr. the bad news is these groups run the spectrum. they include al-qaeda-like forces. so two of the military bases that have fallen in recent weeks, two rebel forces have fallen to al-qaeda-like militias who have taken over. so unfortunately, what you're likely to see is after assad falls, then the real chaos begins. then you'll see fighting between the militia groups, some of which are definitely opposed to the united states and everything we stand for. >> bill: there is enough of a core, you believe? >> so that's the game right now. can you beef up those? can you increase those. so you actually -- i'm not making this up. you actually have diplomats from europe going to the syrian border, in some ca

. for france in the east bay will be low 60's for comfort in danville. for our friends in the north bay your temperaturebear about 60's for petaluma and san rafael. san francisco will get close to 60 degrees. you're a 7 day around the bay shows that the drive pattern will continue until tomorrow and the weekend will be lots of sunshine for saturday and sunday. next week monday, to set, when satuesday, wednesday will e the side. >> north star bay is coming up it 60 edges with no new snow. >> i do want to update everyone on the conditions over the richmond san rafael bridge. the westbound 580--a metal piece was sticking out of the bridge and it was affecting one of the allies. the road with sensors are not predicting any slowdowns but we are still seen delays of to 10 minutes across the span. it is really not worth the tories just allow yourself some extra time. just attack on a few extra minutes and this is not the only problem. we do have an injury crash for northbound to 80 and highway 92. this is blocking the slow lane and we are same minor delays. the drive time here is 25 mi. per hour. t

of syria and our allies in europe, some of which have now been ahead of us, like france, that we will focus on this immediate, potentially disastrous threat that assad will use chemical and biological weapons. >> you said a moment ago that iran is our most dangerous enemy. if so, how far should we be willing to go to prevent iran from acquiring nuclear weapons? >> i did echo what everyone has said, right up to president obama, that it is unacceptable for us to allow iran to become a nuclear state. containment is not an acceptable alternative. it changes the whole balance of power in the middle east. emboldens the terrorist like hamas and hezbollah that are agents of the iranian government. it probably lead some of our allies in the world to begin to accommodate to iran. it is a threat to most of the rest of the world, including us. the sanctions have been unprecedented. they are having an effect on the iranian economy so far, not an observable effect on the iranian regime at all. we have to make sure that our threats of military action, if they don't take down their nuclear weapons program,

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